7.1 The following is the trial balance of Push, a sole trader, at 30 June 20X7:

£ £

Capital 30,350 Sales 108,920 Purchases 72,190 Drawings 12,350 Debtors 7.350 Creditors 6,220 Cash 1,710 Stock 9,470 Plant and machinery at cost 35,000 Accumulated depreciation at 1 July 19X6 12,500 Rent 1,000 Wages 14,330 Other costs 4,590 157,990 157,990 Prepare the trading and profit and loss account of Push for the year to 30 June 20X7 and the balance sheet at that date.